Business Analyst, Financial Aid Systems & Compliance

University of Michigan - Ann Arbor • Full-time • Remote from USA • 1m ago

Fast Facts

Hiring a Business Analyst for Financial Aid Systems & Compliance to optimize financial aid processes and enhance operational efficiency at the University of Michigan.

Responsibilities: Key responsibilities include managing financial aid systems, ensuring data integrity, supporting compliance audits, and providing analytical and training support to improve efficiency and student experience.

Skills: Required skills include knowledge of Title IV regulations, experience with Ellucian Banner, SQL, and strong analytical and communication abilities.

Qualifications: Preferred qualifications include a bachelor's degree in a related field and 3-5 years of experience in financial aid or higher education technology.

Location: Job is located in the USA.

Compensation: Not provided by employer. Typical compensation ranges for this position are between $70,000 - $100,000.

As a member of the Office of Financial Aid & Scholarships leadership team, the Business Analyst for Financial Aid Systems & Compliance serves as a functional and technical liaison between Financial Aid, Enrollment Management, and Information Technology. This role is responsible for optimizing financial aid systems, ensuring data integrity, maintaining regulatory compliance, and developing data-driven insights that support strategic decision-making.

The Analyst will manage business processes, reporting, and automation within Ellucian Banner and other technical tools, while providing analytical support. The position plays a critical role in advancing operational efficiency, compliance, and the student experience through the use of technology and data solutions.

Systems & Data Management (60%)

Serve as an administrator and subject-matter expert for financial aid systems (e.g., Banner, ImageNow, Salesforce, Campus Logic suite).
Maintain and enhance Banner forms, rules, population selections, tables, and automated batch processes.
Manage annual setup (e.g., New Year rollovers, gift aid parameters, and packaging rules).
Test and implement system upgrades, regulatory updates, and new functionalities.
Coordinate business systems security, troubleshooting, and system access controls.
Ensure integrity of financial aid data through quality assurance, batch monitoring, and data reconciliation.

Compliance & Quality Assurance (20%)

In partnership with the Associate Director of Compliance & Customer Service, support internal audits and quality assurance reviews to ensure compliance with Title IV regulations and institutional policies.
Recommend process improvements that enhance compliance, efficiency, and service delivery.

Reporting & Data Analysis (10%)

Develop and maintain ad hoc queries and reports to support operational and compliance needs.
Use reporting tools (e.g., WebFocus, SQL, Argos) to analyze trends and produce actionable insights.

Training & Communication (10%)

Provide training to financial aid staff on system functionality, updates, and best practices.
Maintain detailed documentation of business processes, data definitions, and technical standards.
Represent the Office of Financial Aid in meetings related to systems, data governance, and compliance.
Foster strong partnerships with campus offices and external agencies to support operational alignment.
Bachelor's degree in Information Systems, Business, Computer Science, Finance, or related field.
Minimum of 3-5 years of experience in financial aid, systems administration, or higher education technology.
Knowledge of Title IV regulations and financial aid processes.
Experience with Ellucian Banner and integrated data systems.
Base knowledge of SQL and reporting tools.
Strong analytical, problem-solving, and documentation skills.
Excellent communication and collaboration skills across technical and non-technical teams.
Ability to manage multiple projects with attention to detail and deadlines.
Experience with document imaging systems (ImageNow), automation tools (UC4/Atomic), and CRM platforms (Salesforce).

The University of Michigan conducts background checks on all job candidates upon acceptance of a contingent offer and may use a third party administrator to conduct background checks. Background checks are performed in compliance with the Fair Credit Reporting Act.

The University of Michigan is an equal employment opportunity employer.